WASHINGTON, March 24 (Reuters) - The U.S. Justice Department:
* Says federal jury in Brooklyn convicts a former Morgan Stanley employee of conspiracy to commit securities fraud and wire fraud, and making a false statement to FBI agents.
* Says jury convicts Darin Demizio. former executive director and head of Morgan Stanley's domestic securities lending desk.
* Says Demizio to be sentenced on June 19 and faces maximum of 25 years in prison.
* Says Demizio directed Morgan Stanley's securities lending business to smaller brokerage firms and finder firms in exchange for more than $1.6 million in kickbacks paid to Demizio's father and brother from January 2000 to January 2004.
(Reporting by Julie Vorman; Company news desk in Washington; +1 202 898 8400, washington.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says federal jury in Brooklyn convicts a former Morgan Stanley employee of conspiracy to commit securities fraud and wire fraud, and making a false statement to FBI agents.
* Says jury convicts Darin Demizio. former executive director and head of Morgan Stanley's domestic securities lending desk.
* Says Demizio to be sentenced on June 19 and faces maximum of 25 years in prison.
* Says Demizio directed Morgan Stanley's securities lending business to smaller brokerage firms and finder firms in exchange for more than $1.6 million in kickbacks paid to Demizio's father and brother from January 2000 to January 2004.
(Reporting by Julie Vorman; Company news desk in Washington; +1 202 898 8400, washington.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.